Stardust Power Inc. (NASDAQ:SDST – Get Free Report) insider Bruce Czachor sold 17,655 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $2.29, for a total transaction of $40,429.95. Following the completion of the sale, the insider owned 22,345 shares in the company, valued at approximately $51,170.05. The trade was a 44.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Stardust Power Stock Up 6.5%
Shares of Stardust Power stock opened at $2.61 on Thursday. The firm has a market cap of $25.62 million, a price-to-earnings ratio of -0.66 and a beta of 0.29. The business has a 50-day moving average price of $3.50 and a 200-day moving average price of $3.63. Stardust Power Inc. has a twelve month low of $1.42 and a twelve month high of $8.43.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Stardust Power in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.
Institutional Investors Weigh In On Stardust Power
Several large investors have recently added to or reduced their stakes in the stock. State Street Corp bought a new stake in shares of Stardust Power in the 4th quarter valued at approximately $44,000. Geode Capital Management LLC boosted its holdings in shares of Stardust Power by 40.3% in the 4th quarter. Geode Capital Management LLC now owns 59,143 shares of the company’s stock worth $181,000 after purchasing an additional 16,989 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Stardust Power during the 4th quarter valued at approximately $69,000. 32.79% of the stock is owned by institutional investors.
About Stardust Power
Stardust Power Inc is a vertically-integrated lithium refinery that engages in producing battery-grade lithium. The company was founded in 2022 and is based in Greenwich, Connecticut.
Further Reading
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